Millionaire Shortbread (Caramel Squares)

Millionaire Shortbread (Caramel Squares) is a intermediate Scottish / British recipe that serves 24. 260 calories per serving.

Prep: 50 min | Cook: 50 min | Total: 2 hrs 10 min

Cost: $17.85 total, $0.74 per serving

Ingredients

  • 2 1/4 cups All-purpose flour
  • 2/3 cup Granulated sugar
  • 2 sticks (8 oz) + 6 tbsp (for caramel) sticks + tbsp Unsalted butter (Room temperature for shortbread)
  • 1 teaspoon Vanilla extract (For shortbread)
  • 1/2 teaspoon Kosher salt (Diamond Crystal preferred; use 1/4 tsp if Morton)
  • 1 cup Demarara sugar (For caramel; can use granulated sugar)
  • 1/2 cup Light corn syrup (For caramel)
  • 3/4 cup Heavy cream (For caramel)
  • 14 oz can Sweetened condensed milk (For caramel)
  • 1 whole Vanilla bean (For caramel; can use extract or paste)
  • 7 oz Bittersweet chocolate (about 60-68%) (Chopped or chips)
  • to taste Flaky salt (For topping)
  • 1 sheet Parchment paper (For lining pan)

Instructions

  1. Prepare shortbread dough

    In a large mixing bowl, combine 2 sticks (8 oz) room temperature unsalted butter with 2/3 cup granulated sugar and 1/2 tsp kosher salt. Cream together with a spatula for 2-3 minutes until slightly fluffy and pale. Add 1 tsp vanilla extract and mix until incorporated.

    Time: PT5M

  2. Add flour and finish dough

    Add 2 1/4 cups all-purpose flour to the bowl. Gently fold with a spatula until large crumbs form, then switch to your fingertips to break up any butter pockets and ensure no dry spots remain. Do not overwork.

    Time: PT5M

  3. Prepare pan and press dough

    Line a 13x9 inch baking pan with parchment paper, using the butter wrapper to lightly grease the pan first so the parchment sticks. Scatter the dough crumbs evenly in the pan, then press down firmly with your palms and a flat-bottomed measuring cup to compact into an even layer.

    Time: PT5M

  4. Dock and bake shortbread

    Prick the dough all over with a fork (docking) to prevent puffing. Bake on the center rack at 350°F for 25 minutes, or until medium golden brown all over.

    Time: PT25M

    Temperature: 350°F

  5. Cool shortbread base

    Remove from oven and let cool in the pan at room temperature while you prepare the caramel. Do not pour caramel onto hot shortbread.

    Time: PT10M

  6. Make caramel layer

    In a large saucepan, combine 1 cup demarara sugar, 6 tbsp unsalted butter, 1/2 cup light corn syrup, 3/4 cup heavy cream, 14 oz can sweetened condensed milk, 1/4 tsp kosher salt, and seeds from 1 vanilla bean (plus the pod). Cook over medium heat, stirring constantly, until sugar dissolves. Increase heat to medium-high to bring to a boil, then reduce to medium and cook, stirring constantly, until mixture reaches 240°F (about 15-20 minutes). Remove vanilla pod.

    Time: PT25M

    Temperature: 240°F

  7. Pour and set caramel

    Immediately pour caramel over cooled shortbread base. Spread quickly into an even layer with a spatula. Let cool at room temperature for 20 minutes, then refrigerate until fully chilled and set (about 20 minutes).

    Time: PT40M

  8. Melt chocolate

    Place 7 oz bittersweet chocolate in a heatproof bowl over a small saucepan of barely simmering water (double boiler). Stir until melted and smooth. Remove from heat.

    Time: PT5M

  9. Top with chocolate and salt

    Pour melted chocolate over chilled caramel layer. Spread evenly with an offset spatula. Immediately sprinkle with flaky salt. Let set at room temperature until chocolate is firm (about 20 minutes), or refrigerate briefly if needed.

    Time: PT20M

  10. Slice and serve

    Once chocolate is fully set, lift bars from pan using parchment. Trim edges for clean sides, then cut into small squares or bars with a sharp knife. Wipe knife with hot water and dry between cuts for clean slices.

    Time: PT5M

  11. Cleanup

    Wash all bowls, pans, utensils, and surfaces. Soak caramel saucepan if needed.

    Time: PT30M

Nutrition Facts

Calories
260
Protein
2g
Carbohydrates
33g
Fat
13g
Fiber
1g

Dietary info: Vegetarian, low-calorie

Allergens: Dairy, Gluten, Soy (if using chocolate with soy lecithin)

Last updated: April 11, 2026

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Millionaire Shortbread (Caramel Squares)

A decadent three-layer bar with a buttery shortbread base, chewy vanilla bean caramel, and a glossy bittersweet chocolate topping, finished with flaky salt. Inspired by the classic Scottish treat, this version balances sweetness and texture for a perfect bite.

IntermediateScottish / BritishServes 24

Shop all ingredients on Amazon in one click • Printable PDF with shopping checklist

Source Video
2h
Prep
55m
Cook
21m
Cleanup
3h 16m
Total

Cost Breakdown

$17.85
Total cost
$0.74
Per serving

Critical Success Points

  • Pressing and compacting the shortbread base evenly.
  • Baking shortbread to proper golden color (not under or overbaked).
  • Cooking caramel to exactly 240°F while stirring constantly.
  • Pouring and spreading caramel quickly and evenly.
  • Melting chocolate gently (no water contamination).
  • Slicing with a hot, clean knife for neat bars.

Safety Warnings

  • Caramel is extremely hot and can cause burns; use caution when stirring and pouring.
  • Keep water away from melted chocolate to prevent seizing.
  • Use oven mitts when handling hot pans.

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